1. Conditional Waiver and Release Upon Progress Payment
This means the release is only good if you receive the progress payment and it clears the bank. Does not cover any retention or items furnished after said date
2. Unconditional Waiver and Release Upon Progress Payment
This means you release all rights of your Mechanic’s Lien on this job at the time you sign it. Does not cover any retention or items furnished after said date.
3. Conditional Waiver and Release Upon Final Payment
This means the release is only good if you receive the final payment and the check clears the bank.
4. Unconditional Waiver and Release upon Final Payment
This means you release all rights of your Mechanics’ Lien on this job at the time you sign it